Price Analysis
  • Shrishesh Tanksalkar
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    Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

    • 1 minute read

    After BNB will this Altcoin Hit a New ATH Next?

    Story Highlights
    • Pengu price jumps 19.26% in a day, extending its 7-day streak to a massive 38% rally

    • Binance removes Penguโ€™s โ€œSeed Tagโ€, triggering major whale and fund interest

    • Pudgy Penguins NFT floor jumps 13%, strengthening cross-asset hype

    Pengu, the Solana-based meme coin, has stunned the market with a 19.26% daily surge and a staggering 38% jump over the past week. With its price currently at $0.04448, Pengu has re-entered the spotlight not just as a meme token but a cultural asset riding a wave of ecosystem and institutional catalysts. 

    Pengu’s sharp rally comes as several bullish forces align. First, the token now boasts over 868,000 holders. Second, Binance recently removed the โ€œSeed Tagโ€ from Pengu. This change has boosted investor confidence, especially among institutional players and large funds. Thatโ€™s not all, the hope of a new ATH has been another fuel. Join me as I decode Pengu price analysis for the short term.

    Pengu Price Analysis

    Penguโ€™s current price at $0.04448, is hovering just 21.95% below its all-time high of $0.05738. This came after touching an intraday high of $0.046. The market cap now sits at $2.77 billion, ranking it among the most prominent meme coins like Bonk. The 33.76% surge in 24-hour trading volume signals heightened investor interest and growing momentum.

    Pengu Price Analysis 23rd July

    With strong buying pressure between $0.036 and $0.042, this range now acts as a major support zone. A breakout above the $0.046 resistance could pave the way to test the ATH, with a potential upside toward the $0.055โ€“$0.057 range if momentum holds.

    If volume sustains above $2 billion and SOL remains bullish, Pengu could realistically aim for a new ATH at $0.05738. However, a dip below $0.038 would invalidate short-term bullish momentum.

    FAQs

    Why is Pengu price up today?

    A mix of Binance removing the โ€œSeed Tagโ€, NFT price spikes, and the Solana ecosystem rally.

    Is Pengu still a risky meme coin?

    Risk perception has lowered after Binanceโ€™s tag removal, attracting bigger players.

    Can Pengu hit a new ATH soon?

    If bullish momentum and volume persist, a retest of $0.057, followed by a new ATH at $0.06, is likely in the short term.

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